Past Due Balances Sample Clauses
The "Past Due Balances" clause defines how a contract addresses payments that have not been made by their due date. Typically, this clause outlines the consequences for late payments, such as the accrual of interest, late fees, or suspension of services until the outstanding balance is settled. For example, if an invoice remains unpaid beyond the agreed payment terms, the client may be charged a monthly interest rate on the overdue amount. The core function of this clause is to incentivize timely payments and provide a clear mechanism for handling late payments, thereby protecting the financial interests of the party expecting payment.
Past Due Balances. Balances that are not paid within 30 days from the date of service are considered past-due. If your insurance company has not responded to our request for payment within 30 days, we will ask for your assistance in obtaining payment from the carrier and/or to make a payment on the balance. Balances that are not paid within 60 days of the date of service will be charged to your credit card on file and if the charge is declined will be forwarded to a collection agency. Collection agency and any associated legal fees may be added to the account. Patients with past-due balances will be required to make payment arrangements before additional services will be scheduled. If we are able to recover payment from your insurance company, you will be refunded any overpayments made.
Past Due Balances. If Customer has not made payment by the due date designated on Customer’s invoice, Customer will be subject to suspension, possible disconnection, and late fees.
Past Due Balances. Atlas Chiropractic Health Center will work with you to ensure a timely payment of your outstanding balance. In the event that it becomes necessary to begin collection proceedings to collect payment on a delinquent account, you understand that Atlas Chiropractic Health Center has the right to disclose to an outside collection agency all pertinent personal information required to collect payment for services rendered. You are responsible for all costs associated with any collection efforts. You also understand that information may be reported to a credit reporting agency which may have a negative effect on your credit history.
Past Due Balances. You agree to pay a late payment finance charge on past due balances at the maximum rate permitted under the law (18% per annum, 1.5% per month).
Past Due Balances. It is important that Your account remain current, but in the event that Your account becomes past due, Practice will follow the following procedures:
Past Due Balances. Any past due balances owed to the County may first be deducted before any distribution of funds to the City.
Past Due Balances. If Client does not pay an invoice in full within the thirty (30) day period specified in Section 8.2, then PG may charge Client interest on the outstanding portion of such invoice, from day thirty-one (31) forwards, at the rate of one and one half percent (1.5%) simple compound interest per month, or such lesser amount as may be the maximum permissible rate under applicable law, until such time as the outstanding invoice is paid. The compounded interest rate may not exceed the annual interest rate permissible by law (8% at time of signing). This Agreement and/or each associated Statement of Work, in addition to the provision of any Services thereunder, may be suspended or terminated at any time by PG without liability if Client fails to pay any such invoice no later than fifteen (15) days after receipt of written notice from PG that such invoice is delinquent. In the event PG provides Client with such written notice of work stoppage, the Client can terminate or pause access to Client systems.
Past Due Balances. Past due balances or open invoices will be assessed interest at the highest rate permissible by law.